Aroundtown extends approximately 6,200 m² lease with MDR at City-Hochhaus in Leipzig city center

Aroundtown extended the existing lease with Mitteldeutscher Rundfunk (MDR - Central German Broadcasting) for around 6,200 m² for a further 5 years in the City-Hochhaus in Leipzig's city center. MDR is the public broadcaster for the federal states of Thuringia, Saxony and Saxony-Anhalt in Germany. Active asset management thus ensures that the property will be fully leased in the long term.

The City-Hochhaus is the tallest building in Leipzig and Saxony. It is centrally located at Augustusplatz 9 in Leipzig, within walking distance of Leipzig's main train station. With over 140m, 34 floors as well as its characteristic shape, it is the widely known landmark of Leipzig's city center. In addition to numerous offices, there is a panorama restaurant and a viewing platform. The MDR’s rented area is directly connected to the Leipzig Gewandhaus via a covered bridge. The building ensemble has a very good infrastructure and transport connections with streetcar and bus directly in front of the door.

About Aroundtown

Aroundtown invests in income generating quality properties that have potential for value-add in central locations mainly in Germany and the Netherlands. Avisco (controlled by Yakir Gabay) holds 10% in Aroundtown followed by Blackrock at 5%. Other shareholders include Norges, Vanguard, Allianz, BNP Paribas, Japan’s Government investment fund, Aliance-Bernstein, Dekabank, State-Street, Bank of Montreal and many other leading international investors. The main bond investors include ECB, GIC, Union Investment, DB, UBS, CS, M&G, Pictet, Credit Agricole and many other major institutional investors.